09:57 AM EDT, 10/24/2024 (MT Newswires) -- The October flash reading of manufacturing conditions from S&P Global rose to a two-month high reading of 47.8 in October from 47.3 in September, compared with a smaller expected increase reading of 47.5 in a survey compiled by Bloomberg as of 7:45 am ET. The index still suggests contraction in the sector, which...

(Reuters) - The U.S. Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production of solar panels, lithium-ion batteries and other clean energy components, a shift in position after industry pressure. The move reflects the growing realization in Washington that efforts to combat climate change will be moot unless...

WASHINGTON (Reuters) - Sales of new U.S. single-family homes increased to the highest level in nearly 1-1/2 years in September as buyers rushed in to take advantage of a decline in mortgage rates. New home sales jumped 4.1% to a seasonally adjusted annual rate of 738,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau...

NEW YORK (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Thursday inflation pressures have been easing but still have yet to return to where they need to be. We have made good progress but inflation is still running above the [Federal Open Market Committee's] 2% objective, Hammack said at conference on inflation issues held by her bank....